WazirX has always been cooperative and compliant with all applicable laws in order to provide a safe crypto trading experience for you. In order to bring more clarity to the crypto investors, we’ve made some changes to trading fees paid on WazirX. Effective from 24th January 2022, WRX will no longer be used while paying fees in INR markets. Instead, it will help in lowering your trading fees depending on your WRX balance on the exchange.
How will my trading fees be calculated now?
Going forward, the effective trading fees paid by you will be determined by the amount of WRX held by you on WazirX. The more WRX you hold, the lower your trading fees will be.
Based on your WRX holding at the time of the trade, your trading fee rate will be determined as follows:
For example, let’s say that you’re holding 250 WRX on WazirX, and you buy ₹1000 worth BTC in the INR market. So you will have to pay a trading fee of 0.15% on the order, i.e., ₹1.5. Similarly, you buy 100 USDT worth BTC in the USDT market. So you will have to pay a trading fee of 0.15% on the order, i.e., 0.15 USDT.
Can I still pay trading fees with WRX?
Yes, you can pay trading fees with WRX in the USDT, BTC, and WRX markets. However, in the INR market, you can only pay trading fees with INR.